Income Duplex with Long-Term
153/151 N poplar Wichita, KS 67214
153/151 N poplar, Wichita, KS, 67214
$165,000
Pending
For Sale
$165,000
Pending
MULTI_FAMILY - Other - Wichita, KS
Property Size1,904 SF
Lot Size6,534.00 Acres
Days on Market47
Property Features for 153/151 N poplar
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Parking
- 2
- Appliances
- Dishwasher, Disposal, Range, Refrigerator
- Standard status
- Pending
- APN
- 125220130500200
- Size
- 1,904 SF
- Lot size
- 6,534.00 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOTS 6-8 POPLAR ST OLIVER'S SUB BLK 5 CHAUTAUQUA ADD.
- Tax Annual Amount
- 1097
Utilities
- Utilities
- Natural Gas Available
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Electric, Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1949
- Number of units
- 2
- Building materials
- Frame
- Roof type
- Composition
- Architectural style
- Other
Listing agency
Epique Realty
(888) 893-3537
Listed by
Vanessa Kennedy · License #00245850
(316) 621-1021
Added: Jun 6 Updated: Jul 18 at 3:06AM Checked: Jul 22 at 9:06AM
MLS# 674161
Copyright © 2026 South Central Kansas MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This income-producing duplex consists of two units at 151 & 153 N. Poplar Ave. Both units are currently occupied by long-term tenants on month-to-month leases, providing immediate rental income and flexibility going forward. The property has undergone major capital improvements already, including a new furnace for Unit 153 installed approximately two years ago. In addition, the water service line from the meter to the property has been replaced, and a Class 3 impact-resistant roof was installed at the beginning of 2026.
The property is located in Wichita, KS 67214 in Sedgwick County. The seller notes the address is just minutes from the College Hill and Delano districts, supporting day-to-day convenience for tenants.
For investors or buyers seeking a straightforward residential income asset, this duplex offers a two-unit structure with occupancy in place and recent building envelope and mechanical upgrades documented by the seller. The property is being sold “As-Is, Where Is,” and prospective buyers should plan to complete their own due diligence regarding condition and operating details.
The property is located in Wichita, KS 67214 in Sedgwick County. The seller notes the address is just minutes from the College Hill and Delano districts, supporting day-to-day convenience for tenants.
For investors or buyers seeking a straightforward residential income asset, this duplex offers a two-unit structure with occupancy in place and recent building envelope and mechanical upgrades documented by the seller. The property is being sold “As-Is, Where Is,” and prospective buyers should plan to complete their own due diligence regarding condition and operating details.
Key Highlights
- Duplex at 151 & 153 N. Poplar Ave., Wichita, KS, built in 1949 with frame construction
- Both units are currently occupied by long‑term tenants on month‑to‑month leases
- Unit 153 has a new furnace installed approximately two years ago
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.1k | $14.76 |
| − Vacancy | −$1.5k | −$0.81 |
| EGI | $26.6k | $13.95 |
| − OpEx | −$12.0k | −$6.28 |
| NOI | $14.6k | $7.67 |
1,904 SF · lease $14.76/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$224.3K
$196.3K – $261.7K
NOI $15,702 @ 7.0% cap · market cap 9.52%
Second Best
Apartment 5plus
$208.7K
$182.6K – $243.5K
NOI $14,607 @ 7.0% cap · market cap 8.85%
Theoretical Best
Office A
$471.4K
$412.5K – $550.0K
NOI $33,001 @ 7.0% cap · market cap 20.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two duplex units are occupied with month-to-month leases, offering immediate rental income and capped future capex with recent updates.
Where is this duplex located?
The property is located at 153/151 N poplar Wichita, KS.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Duplex at 151 & 153 N. Poplar Ave., Wichita, KS, built in 1949 with frame construction; Both units are currently occupied by long‑term tenants on month‑to‑month leases; Unit 153 has a new furnace installed approximately two years ago
